Provincetown Community Compact Inc

Analysis

Provincetown Community Compact Inc is a registered charity in United States, based in Provincetown, MA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2023, Provincetown Community Compact Inc reported income of $424k and spending of $383k, spending 90% of its income. Across the 5 years on record, from February 2019 to February 2023, income fell from $552k to $424k (-23%), an average of -6.3% a year. The sharpest change came in the year to February 2021, when income dropped by 31%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Provincetown Community Compact Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Honor Flight Maine Inc ($424k), Paralyzed Veterans of America- Buckeye Chapter Inc ($424k) and John B Pierce Foundation ($424k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 89% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $70k (18% of expenses). Other salaries and wages came to $19k. At year end it held assets of $446k against liabilities of $160k, net assets of $286k. It reported 2 employees.